The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-06
MONEY, BONDS AID STOCKS.

Increased Business Accompanied by a Con-
tinuance OF the Rise i'm Prices.
NEW YORK, May 5-Money call was
easy at 81 Is per cent. closing at a Al per cent
Prime mercantile paper 5064 per cent
Sterling exchange was quiet but steady and
unchanged.
The total sales OF stocks to-day were 300. 3T7
shares including the following: Erie, g. 400; Della
ware, Lackawanna &c Western, ), 705; Chicago,
St Louis q Pacific preferred, g. 15S; Lake Shore,
1880; Louisville g. Nashville, 4.325; Missouri
Pacific, 5000 Northwestern, 81 800; New Jersey
Central, a26s; Reading, Sc 500; St Paul. "a, $50;
ST. Paul & Omaha, SAG; Union Pacific, 6,175;
Western Union. ii, 725.
There more business at the Stock Elk
change to-day and continuance of the advance
begun yesterday The clears" to cover,
principally because OF the breaking down of
their arguments ON the i'll effect of interstate
law, the latest reported earnings for the last
week in April being unusually favorable. The
improvement was particularly marked the
higher priced stocks In the general list the
grangers were most prominent for gains and
Rock Island and Fort Worth 81 Denver were the
special features of the day. The latter advanced
"a per cent by shortly after IL o'clock, on a
squeeze of the ''snorts." though the insiders say
that the earnings warrant further advance,
and that three of the large roads IN that section
are seeking control. One of the prominent
room traders was particularly conspicuous in
bidding ND the stock. Rock Island at one time
was 81 per cent. above last evenings price, but
part OF the improvement was afterward lost
The demand is said to arise from the expectation
of the issue of new stock TO the present stock
holders at par Northwestern was very strong,
leading the remainder of the active list OF the
specialties, Minneapolis 81 St Louis preferred.
Milwaukee. Lake Shore a. Western common,
, Terre Haute common. ana Colorado Coal were
noticeable fog advances
The opening was steady TO firm. and was fol-
lowed by q moderate business, in which Reading
and New England led Fort Worth g. Denver
soon attracted attention by it's unusual strength,
although the ent tire market firm to strong.
Rock Island later took the place of the former,
but its advance did not eliminate until that on
the general list, which shortly after o'clock.
The market. under the lead of tine grangers,
showed steady appreciation of values, which
was ccompanied, after IL o'clock. by marked
increase in the amount OF business done. A
but was checked before the close, which was
quiet but steady to firm near the best prices of
the day. Sales. 200, 377 shares; Reading. SO, 500;
New England. 81, 200; St. Paul, "a $50; North
western, q 800, and Western Union, n.325.
Union Pacific off T. but nj the rest of the
active list are higher-Alton 81 Terre Hau:e. p;
Milwaukee, Lake Shore & Western, Il; North
western. st. Paul 81 Omaha. each II; Rock
land, 80, and Fort Worth & Denver, 7s
Railroad bonds decidedly active. Erie
seconds contributed $3.50 900; Detroit. Macknac
e. Marquette land grants, s231, 600; Shenandoah
Valley general SKIES, 1923, 600, and Green Bay
incomes $211 900, ous of a total days business
of 81, 1926, 900. Closing figures generally show
ITO; Jersey Central dsbentures. 81. to 1884: Den
yer g. South Park firsts. 2, to 72 Oregon Short
line frsts q, to I03; Wabash sevens of 1879, 4.
TO 81 the convertlbles. 2, TO 80.
Government bonds were dull and steady.
State bones were dull and steady. Closing quo
tations were